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Synopsis

Trading Mentor Joann Farley joins Merlin to discuss how one should handle themselves when the markets exhibit higher than normal volatility or extreme announcements. Today was a good example of how novices were “Whipsawed” by the market while the Professionals established levels where they were going to go Long or Short depending on what the market did, not what the announcement was. Joann walks listeners through one of the trades, outlining the risk management involved, as well as how she teaches traders to use indicators as decision support tools.